TransUnion (NYSE:TRU) Expected to Announce Quarterly Sales of $676.84 Million

Brokerages forecast that TransUnion (NYSE:TRU) will post $676.84 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for TransUnion’s earnings, with the highest sales estimate coming in at $679.97 million and the lowest estimate coming in at $673.50 million. TransUnion reported sales of $603.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The company is scheduled to report its next earnings results before the market opens on Tuesday, October 22nd.

According to Zacks, analysts expect that TransUnion will report full-year sales of $2.64 billion for the current financial year, with estimates ranging from $2.61 billion to $2.64 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.85 billion, with estimates ranging from $2.81 billion to $2.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover TransUnion.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.08. The business had revenue of $661.90 million for the quarter, compared to the consensus estimate of $644.73 million. TransUnion had a net margin of 12.84% and a return on equity of 22.94%. TransUnion’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share.

Several research analysts recently commented on TRU shares. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Monday, July 29th. Deutsche Bank raised their target price on TransUnion from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Morgan Stanley raised their target price on TransUnion from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. SunTrust Banks reaffirmed a “positive” rating and issued a $90.00 target price on shares of TransUnion in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their target price on TransUnion from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.42.

In other TransUnion news, Director Andrew Prozes sold 50,889 shares of TransUnion stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $80.59, for a total transaction of $4,101,144.51. Following the completion of the transaction, the director now directly owns 19,762 shares of the company’s stock, valued at $1,592,619.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy Elberfeld sold 2,500 shares of TransUnion stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total value of $187,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 244,204 shares of company stock valued at $20,255,965. 0.92% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TRU. CSat Investment Advisory L.P. bought a new position in shares of TransUnion during the second quarter valued at $30,000. Cullen Frost Bankers Inc. raised its holdings in shares of TransUnion by 222.9% in the second quarter. Cullen Frost Bankers Inc. now owns 678 shares of the business services provider’s stock valued at $50,000 after buying an additional 468 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of TransUnion in the second quarter valued at about $54,000. Canada Pension Plan Investment Board raised its holdings in shares of TransUnion by 3,276.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,452 shares of the business services provider’s stock valued at $107,000 after buying an additional 1,409 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of TransUnion in the first quarter valued at about $122,000.

Shares of TransUnion stock traded up $0.68 during midday trading on Wednesday, hitting $79.84. The company had a trading volume of 767,662 shares, compared to its average volume of 1,277,505. The business’s 50 day simple moving average is $81.61 and its two-hundred day simple moving average is $74.29. The stock has a market cap of $14.98 billion, a PE ratio of 34.56, a P/E/G ratio of 3.24 and a beta of 0.99. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.51 and a quick ratio of 1.51. TransUnion has a 1-year low of $52.15 and a 1-year high of $85.50.

TransUnion Company Profile

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and investigate potential fraud.

Further Reading: What causes a yield curve to invert?

Get a free copy of the Zacks research report on TransUnion (TRU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TransUnion (NYSE:TRU)

Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.